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INTANGIBLE ASSETS AND GOODWILL | 3 Months Ended | 12 Months Ended
--- | --- | ---
Mar. 31, 2025 | Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |  |
INTANGIBLE ASSETS AND GOODWILL | NOTE 5 – INTANGIBLE ASSETS AND GOODWILL Intangible assets As a result of the acquisition of Safe Pro AI on March 9, 2023, there was a $545,625 increase in the gross intangible assets made up of $545,625 of finite lived intangible assets, consisting of a single software asset, SpotlightAI™. Spotlight AI detects threats from drone imagery, relaying precise GPS location and actionable reporting information to decision makers and ground personnel. The Company intends to utilize its AI, ML and computer vision technology to create and analyze large datasets. The Company’s technology is being used in the field by the Ukrainian government, as well as several humanitarian aid organizations. During the three months ended March 31, 2025, the Company capitalized $105,112 of its direct costs. For the three months ended March 31, 2025, the Company has $1,109,416 of finite lived intangible assets, net. As of March 31, 2025, intangible assets subject to amortization consisted of the following: SCHEDULE OF INTANGIBLE ASSETS SUBJECT TO AMORTIZATION
|  | March 31, 2025
|  | Amortization period (years) |  | Gross Amount |  |  | Accumulated Amortization |  |  | Net finite intangible assets |
Customer relationships |  | 5 |  | $ | 388,000 |  |  | $ | (203,093 | ) |  | $ | 187,907 |
Contractual employment agreements |  | 3 |  |  | 310,000 |  |  |  | (291,122 | ) |  |  | 18,878 |
Acquired capitalized internal-use software development costs |  | 3 |  |  | 1,023,325 |  |  |  | (117,694 | ) |  |  | 905,631 |
Amortization of intangible assets |  |  |  | $ | 1,721,325 |  |  | $ | (611,909 | ) |  | $ | 1,109,416 |
SAFE PRO GROUP INC. AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE MONTHS ENDED MARCH 31, 2025 AND 2024 (unaudited) For the three months ended March 31, 2025, amortization of intangible assets amounted to $84,341. As of December 31, 2024, intangible assets subject to amortization consisted of the following:
|  | December 31, 2024
|  | Amortization period (years) |  | Gross Amount |  |  | Accumulated Amortization |  |  | Net finite intangible assets |
Customer relationships |  | 5 |  | $ | 388,000 |  |  | $ | (183,819 | ) |  | $ | 204,181 |
Contractual employment agreements |  | 3 |  |  | 310,000 |  |  |  | (271,337 | ) |  |  | 38,663 |
Acquired capitalized internal-use software development costs |  | 3 |  |  | 918,213 |  |  |  | (72,412 | ) |  |  | 845,801 |
|  |  |  | $ | 1,616,213 |  |  | $ | (428,068 | ) |  | $ | 1,088,645 |
For the year ended December 31, 2024 amortization of intangible assets amounted to $271,235. On March 31, 2025 and December 31, 2024, goodwill consisted of the following: SCHEDULE OF GOODWILL
|  | March 31, 2025 |  |  | December 31, 2024 |
Safe-Pro USA |  | $ | 518,255 |  |  | $ | 518,255 |
Airborne Response |  |  | 166,612 |  |  |  | 166,612 |
Total goodwill |  | $ | 684,867 |  |  | $ | 684,867 |
Amortization of intangible assets with finite lives attributable to future periods is as follows: SCHEDULE OF AMORTIZATION OF INTANGIBLE ASSETS
Year ending March 31: |  | Amount |
2025 |  | $ | 245,179 |
2026 |  |  | 272,712 |
2027 |  |  | 249,424 |
2028 |  |  | 204,665 |
2029 |  |  | 137,436 |
Total |  | $ | 1,109,416 |
| NOTE 7 – INTANGIBLE ASSETS AND GOODWILL Intangible assets As a result of the acquisition of Safe Pro AI on March 9, 2023, there was a $545,625 increase in the gross intangible assets made up of $545,625 of finite lived intangible assets, consisting of a single software asset, SpotlightAI™. Spotlight AI detects threats from drone imagery, relaying precise GPS location and actionable reporting information to decision makers and ground personnel. The Company intends to utilize its AI, ML and computer vision technology to create and analyze large datasets. The Company’s technology is being used in the field by the Ukrainian government, as well as several humanitarian aid organizations. During the year ended December 31, 2024, the Company capitalized $372,588 of its direct costs. For the year ended December 31, 2024, the Company has $1,088,645 of finite lived intangible assets, net. As of December 31, 2024, intangible assets subject to amortization consisted of the following: SCHEDULE OF INTANGIBLE ASSETS SUBJECT TO AMORTIZATION
|  | December 31, 2024
|  | Amortization period (years) |  | Gross Amount |  |  | Accumulated Amortization |  |  | Net finite intangible assets |
Customer relationships |  | 5 |  | $ | 388,000 |  |  | $ | (183,819 | ) |  | $ | 204,181 |
Contractual employment agreements (1) |  | 3 |  |  | 310,000 |  |  |  | (271,337 | ) |  |  | 38,663 |
Acquired capitalized internal-use software development costs |  | 3 |  |  | 918,213 |  |  |  | (72,412 | ) |  |  | 845,801 |
|  |  |  | $ | 1,616,213 |  |  | $ | (428,068 | ) |  | $ | 1,088,645 |
(1) |  | Amortization related to Airborne Response’s contractual employment agreement for Daniyel Erdberg, the Company’s CEO, was cancelled on August 30, 2024 and was fully amortized in the amount of $25,833. Currently Mr. Erdberg’s employment agreement is with Safe Pro Group Inc.
For the years ended December 31, 2024 and 2023, amortization of intangible assets amounted to $271,235 and $180,933, respectively. As of December 31, 2023, intangible assets subject to amortization consisted of the following:
|  | December 31, 2023
|  | Amortization period (years) |  | Gross Amount |  |  | Accumulated Amortization |  |  | Net finite intangible assets |
Customer relationships |  | 5 |  | $ | 388,000 |  |  | $ | (106,145 | ) |  | $ | 281,855 |
Contractual employment agreements |  | 3 |  |  | 310,000 |  |  |  | (150,188 | ) |  |  | 159,812 |
Acquired capitalized internal-use software development costs |  | 3 |  |  | 545,625 |  |  |  | - |  |  |  | 545,625 |
|  |  |  | $ | 1,243,625 |  |  | $ | (256,333 | ) |  | $ | 987,292 |
Goodwill On December 31, 2024 and 2023, goodwill consisted of the following: SCHEDULE OF GOODWILL
|  | 2024 |  |  | 2023 |
|  | December 31, |
|  | 2024 |  |  | 2023 |
Safe-Pro USA |  | $ | 518,255 |  |  | $ | 518,255 |
Airborne Response |  |  | 166,612 |  |  |  | 166,612 |
Total goodwill |  | $ | 684,867 |  |  | $ | 684,867 |
SAFE PRO GROUP INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023 Amortization of intangible assets with finite lives attributable to future periods is as follows: SCHEDULE OF AMORTIZATION OF INTANGIBLE ASSETS
Year ending December 31: |  | Amount |
2025 |  | $ | 327,787 |
2026 |  |  | 289,123 |
2027 |  |  | 260,285 |
2028 |  |  | 211,450 |
2029 and after |  |  | - |
Total |  | $ | 1,088,645 |

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